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Dec 31, 2012
12/12
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WJLA
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and when that ball comes down in times square tonight, every american's taxes will go up. what happened? >>> the other breaking story tonight. hillary's health. doctors reveal it is a blood clot near mrs. clinton's brain keeping her in the hospital. dr. besser right here with what this means. and what mrs. clinton just told barbara walters after becoming the most traveled secretary of state. >> are you exhausted? >> i am. to be honest, i am. >>> the big chill. a million americans in times square tonight. this evening, the security, the weather. some of the coldest temperatures of the winter. and what we didn't note about something else that will be falling at midnight. ginger zee in times square. >>> and, so long. >> so long. so long. so long. >> the man who said himself, "the show must go on." the first new year's without dick clark, as we heard tonight from his wife. she answers the one question she says so many have been asking her. >>> good evening on this new year's eve. diane counting down with her family. tonight, the other countdown here. the one in washington. ton
and when that ball comes down in times square tonight, every american's taxes will go up. what happened? >>> the other breaking story tonight. hillary's health. doctors reveal it is a blood clot near mrs. clinton's brain keeping her in the hospital. dr. besser right here with what this means. and what mrs. clinton just told barbara walters after becoming the most traveled secretary of state. >> are you exhausted? >> i am. to be honest, i am. >>> the big chill. a...
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Dec 31, 2012
12/12
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CNNW
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the other place is the estate tax. the estate tax is scheduled to rise by quite a bit at the stroke of midnight tomorrow night. republicans want to keep it low, democrats want it to go up a little bit. there's room for compromise there. and so, you know, it's not just marginal rates that are going up, there's a series of taxes that they're going to change. the thing that could not be settled today was this change cpi. essentially a benefit cut for social security recipients. that led to a breakdown in negotiations today, because republicans wanted those benefit cuts to social security. and democrats said no way. and that was the sticking point and that's when this thing moved from the senate over to biden and mcconnell where it is and will be overnight. we're not going to know until tomorrow morning if they come up with something. >> yes, and the senate went home, obviously. here's my question. i know we're americans, we're very myopic, we like to think everything is just about us here. this isn't just about americans,
the other place is the estate tax. the estate tax is scheduled to rise by quite a bit at the stroke of midnight tomorrow night. republicans want to keep it low, democrats want it to go up a little bit. there's room for compromise there. and so, you know, it's not just marginal rates that are going up, there's a series of taxes that they're going to change. the thing that could not be settled today was this change cpi. essentially a benefit cut for social security recipients. that led to a...
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Dec 28, 2012
12/12
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WBAL
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. >> i hope there is a deal that avoid the worst parts of the fiscal cliff, mainly taxes going up and middle-class people. i think the odds are better than they could be that people think. >> the agreement would include not only an extension of middle- class tax cuts but would also extend unemployment benefits for millions. >> tax increases need to be avoided, they can be. in the end, we will get a deal. the question is the timing. it is encouraging that both sides continue to sit down and have lines of communication open. >> but a smaller deal will only leave a problem for the incoming congress in january. that is discouraging to america's ceo's. >> we still have the big problem of how we are going to fix our deficit and debt in the country. we know the parties have to work together, and we know we have to resolve this as quickly as possible. >> wall street is keeping a close eye on talks in washington. analysts are worried that any delay could rattle already fragile markets. >> two weeks after the tragedy at sandy hook elementary, the topic of gun-control has heated up at the state
. >> i hope there is a deal that avoid the worst parts of the fiscal cliff, mainly taxes going up and middle-class people. i think the odds are better than they could be that people think. >> the agreement would include not only an extension of middle- class tax cuts but would also extend unemployment benefits for millions. >> tax increases need to be avoided, they can be. in the end, we will get a deal. the question is the timing. it is encouraging that both sides continue to...
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Jan 1, 2013
01/13
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WMAR
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under terms of the legislation taxes on the middle class will not go up. individuals earning $400,000 a year or more and households earning $450,000 a year or more will see the levels return to clinton are a taxes. >> i think that we've made gigantic prog gressments i hope that we can have a bipartisan agreement as we go forward. >> vice-president joe biden -- >> we are losing an opportunity for reform. >> reporter: opponents of the deal said it was done in haste. >> senator mitch mcconnell said this shouldn't be the model and the senate proceed like a bull in a china closet anyway. >> reporter: if the deal is passed in the house, the president is expected to sign this, killing the tax hikes. i'm elizabeth corey done reporting. >> the senate bill's lack of spending cuts is a concern. house majority leader eric cantor said this is not over yet. >>> the new year was also the deadline to apply for the state's homestead tax credit. december 31st was the deadline this get the application in the mail but you can still turn it in tomorrow. >>> a home caught on fi
under terms of the legislation taxes on the middle class will not go up. individuals earning $400,000 a year or more and households earning $450,000 a year or more will see the levels return to clinton are a taxes. >> i think that we've made gigantic prog gressments i hope that we can have a bipartisan agreement as we go forward. >> vice-president joe biden -- >> we are losing an opportunity for reform. >> reporter: opponents of the deal said it was done in haste....
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Jan 1, 2013
01/13
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he insists on raising taxes. it's really his intransigence that endangered the 99%. >> the president is saying he's now willing to do what the republicans asked in 2001, 2003, make the bush tax cuts permanent. he's saying yes, the democrats have agreed. they say they will be permanent. no tax increases for 99%, for people making under $450,000 a year. those will be permanent tax cuts. you support that, but because 1% are going to have to pay a little more, they're going to go from 35% to 39.6% if you're making more than $450,000 a year, you're willing to see all those millions of middle class families suffer. >> actually, if it were only that bill, just protecting the 99%, well, i want to protect 100%. i would vote for a bill that protected 99%. heck, i'd probably vote for a bill that protected 80% because i want to protect anybody from big government, but the thing is it's not just that. they're heaping on new spending. not only are they raising taxes, maybe on a small percentage of people, but a large amount of
he insists on raising taxes. it's really his intransigence that endangered the 99%. >> the president is saying he's now willing to do what the republicans asked in 2001, 2003, make the bush tax cuts permanent. he's saying yes, the democrats have agreed. they say they will be permanent. no tax increases for 99%, for people making under $450,000 a year. those will be permanent tax cuts. you support that, but because 1% are going to have to pay a little more, they're going to go from 35% to...
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Jan 1, 2013
01/13
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CNNW
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these tax hikes are not enough for him. that he's going to go after more tax hikes. it's going to be the same discussion. the fact is we're just ceding more and more ground and more and more jobs, by the way, that young people need. so that's one of the things where i think house republicans get it, where at least i mean the majority of our caucus gets it where we're going to stand up against this plan because it's bad for young people, bad for our future, it's bad for the rest of america too. there was a great article in "the washington times" yesterday about why this plan and why plans like this are going to absolutely hurt and bankrupt our generation. i think there's at least a core group of republicans who are actually going to defend that and try to get a real solution done. something that addresses entitlement reform, that doesn't just tax people. this is a tax bill. this just raises taxes. and that's all it's doing. and the fact of the matter is grover norquist, this just shows how little power grover has. grover is a friend and i like him. however remember wi
these tax hikes are not enough for him. that he's going to go after more tax hikes. it's going to be the same discussion. the fact is we're just ceding more and more ground and more and more jobs, by the way, that young people need. so that's one of the things where i think house republicans get it, where at least i mean the majority of our caucus gets it where we're going to stand up against this plan because it's bad for young people, bad for our future, it's bad for the rest of america too....
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masses tax hikes for every taxpayer becoming somewhat of a nonreality tonight. >> it's being described as a pep rally, the president speaking in front of a group of middle-class americans about the impending fiscal cliff. he reassured liberal democrats that he hadn't given away too much but irritated republicans when he took a job. >> one thing we can count on with respect to this congress is that there is even one second left before you have to do what you were supposed to do, they will use that last second. >> i guess i have to wonder and i think the american people have to wonder whether the president really wants this issue resolved or is it to his short-term political benefit for us to go over the cliff? >> and some respecttempers are flaring at this stage in the game. the deal as we know is so far is this individuals making $400,000 a year and families making over ford and 50,000 will see their taxes rise to 39.6% i have families who are worried about unemployment benefits and i have friends who are facing pretty hard times. the senators are expected to vote on a deal by midnight
masses tax hikes for every taxpayer becoming somewhat of a nonreality tonight. >> it's being described as a pep rally, the president speaking in front of a group of middle-class americans about the impending fiscal cliff. he reassured liberal democrats that he hadn't given away too much but irritated republicans when he took a job. >> one thing we can count on with respect to this congress is that there is even one second left before you have to do what you were supposed to do, they...
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Dec 28, 2012
12/12
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CSPAN
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not even talking about state income-tax. pays for the costs of the paul in come tax with a decade. have students are nontraditional students. the half our traditional, they have a typical -- you have 10- years to pay back for the cost of the grant and 30 years of profits. is a 13%. they will all turn up not as much of federal government, but there is so the federal return to government. wises up thinking about this as a purely benefit to the student but a benefit also to the government decides financial's -- there are goods that go from 5 to education with the it is healthier, more civic -- warlock the to vote. but of good as some from a college education. we should be putting the highest priority and of the lowest possible priority. the states, the first place they cut is there or to government. we get what we sow and we think about or read our society to be in a few hundred years. not cutting the one thing that is a real embarrassment into the future. " a the thing i should say, i am sure that mark has a few things to add to, i will give you examples of a parent loan situation. i
not even talking about state income-tax. pays for the costs of the paul in come tax with a decade. have students are nontraditional students. the half our traditional, they have a typical -- you have 10- years to pay back for the cost of the grant and 30 years of profits. is a 13%. they will all turn up not as much of federal government, but there is so the federal return to government. wises up thinking about this as a purely benefit to the student but a benefit also to the government decides...
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Dec 31, 2012
12/12
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WBFF
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paul says: "you will raise taxes nd feel good cause you will stick it to rich people. but guess hat, you may not get more revvnue."davis says (oncam tag): "operationally, the ccuntry is going ttogo ff thh cliff beccuseethere's throoghhbooh chambers before midnight. ut tax hikes and before they maae aa impact..in pashington, jennifer davis, fox ews." whhle the fiscal cliif resolution hangs in the ballnce...americans could soon breathe a sigh of relief when it comes o milk prices. prices.lawmakers agreed to &psign a one year extension ff the u-s farm bill... that woulddstop prices frrm doubling in 2013.the compromise was reached in he house of representatives' agriculture commmttee...the &psenate... and the be siined b the president. a violent weekend in baltimore.... as police investigate four separate ssoot. shootings. the latesttinnvolves man shot road anddbryant avenue. we &pwere on the scene as homicide p:30 last night. hey found the man with multippe gun shot wounds... the inveetigatioo backed up &ptrrffic as detecttves searche for clues. police haven't released an
paul says: "you will raise taxes nd feel good cause you will stick it to rich people. but guess hat, you may not get more revvnue."davis says (oncam tag): "operationally, the ccuntry is going ttogo ff thh cliff beccuseethere's throoghhbooh chambers before midnight. ut tax hikes and before they maae aa impact..in pashington, jennifer davis, fox ews." whhle the fiscal cliif resolution hangs in the ballnce...americans could soon breathe a sigh of relief when it comes o milk...
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Dec 27, 2012
12/12
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KTVU
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affected households would then have to pay $3700 more in taxes this year. cutting this deadline close has practically become an annual holiday tradition for congress the past few years. 'back in 2010, they passed the amt patch on christmas eve. in 2008/2009, they actually passed it in january and set it retroactively. uncertainty surrounding the amt has the internal revenue service on its toes. the tax agency has warned congress that if no new policy is passed, the irs will need to reprogram its computers, forcing a delay in filings and tax refunds until march of 2013. president obama and members of congress are set to return for one day more of talks to avert spending cuts at the same time tax cuts expire. one alternative being floated - congress may let income taxes go up on everyone one tick past the stroke of midnight, then quickly vote to decrease tax rates for most americans back to 2012 levels. meanwhile, starbucks ceo howard schultz wants his employees to send a message and scrall, "come together," on cups for drink orders in the d.c. area. it's the
affected households would then have to pay $3700 more in taxes this year. cutting this deadline close has practically become an annual holiday tradition for congress the past few years. 'back in 2010, they passed the amt patch on christmas eve. in 2008/2009, they actually passed it in january and set it retroactively. uncertainty surrounding the amt has the internal revenue service on its toes. the tax agency has warned congress that if no new policy is passed, the irs will need to reprogram...
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Dec 28, 2012
12/12
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FOXNEWSW
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trying to cut taxes. if you are not happy to have -- >> bob: i think the republicans trying to do something good is absurd. >> greg: look at harry reid. eloquence of a bails bondman. we elected gluttons to guard a fridge. >> kimberly: midnight raiding it. i was thinking frat boy to guard the bar but i went with the glutton. >> eric: both sides, though. >> andrea: the republicans can't do anything. they get blamed for everything. everything we agree with is courageous. >> greg: when private unemployment reaches double digits. >> andrea: coming up, mayor rahm emanuel -- rahm. why did i call him that? tore in nra for calling armed guards at school to keep america's chirp safe. greg will tell us why that is ironic for him and why the nickname is "ram" next on "the five." ♪ ♪ ♪ ♪ ♪ ♪ >> greg: according to bretbaffert news, the school has armed police officer. any sane parent would like that. like mayor rahm emanuel who sends the children to the school. or he said it's wrong to allow the same thing
trying to cut taxes. if you are not happy to have -- >> bob: i think the republicans trying to do something good is absurd. >> greg: look at harry reid. eloquence of a bails bondman. we elected gluttons to guard a fridge. >> kimberly: midnight raiding it. i was thinking frat boy to guard the bar but i went with the glutton. >> eric: both sides, though. >> andrea: the republicans can't do anything. they get blamed for everything. everything we agree with is...
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Jan 1, 2013
01/13
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CNNW
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they want tax reform. so do democrats want tax reform but they have different ideas about how to do it it. it's kicking the can down the road. there will be a lot more ahead on this. >> brianna keilar breaking it down for us at the white house. thanks for that. >>> eight senators voted against this compromised measure, but the opposition didn't fall along party lines. tom harkin, tom krarner and michael bennett all voted now. so did these five republicans. let's put the politics to the side for a minute and ask the question most of us are wondering. what does this measure mean for you and your wallet? ali velshi is crunch iing the numbers. >> good morning. the first thing is the payroll tax holiday goes away. everybody is going to get a little less in their paycheck every month. that's going to hit the economy. it's a tax holiday that you had that we're losing now. if you earn more than $400,000 as an individual or $450,000 as a household, you'll be paying higher taxes in 2013. that won't hit you yet. noth
they want tax reform. so do democrats want tax reform but they have different ideas about how to do it it. it's kicking the can down the road. there will be a lot more ahead on this. >> brianna keilar breaking it down for us at the white house. thanks for that. >>> eight senators voted against this compromised measure, but the opposition didn't fall along party lines. tom harkin, tom krarner and michael bennett all voted now. so did these five republicans. let's put the politics...
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Jan 1, 2013
01/13
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WBAL
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rates, brace yourself for other taxes. rates go up for couples making above $450,000. paychecks for all workers get smaller. the payroll social security tax goes back up 2%, costing about $1,000 a year for an average worker. personal deductions would be limited for incomes above $250,000. taxes on savings, investments and family inheritances go up. but good news for middle class families. a permanent fix to protect them from paying the alternative min minimum tax. for many watching this unfold, more disappointment. >> i feel it's quite disturbing that our elected officials cannot come together to make decisions in the best judgment of the people. >> the fact that congress can't do anything is a laughingstock anyway. nobody has any faith in them to begin with. >> reporter: what happens next? >> house republicans are huddled trying to figure out if they would have the votes if they made changes to add spending cuts. they will take a vote tonight on the measure the way the white house and the senate wrote it. more to come. >>
rates, brace yourself for other taxes. rates go up for couples making above $450,000. paychecks for all workers get smaller. the payroll social security tax goes back up 2%, costing about $1,000 a year for an average worker. personal deductions would be limited for incomes above $250,000. taxes on savings, investments and family inheritances go up. but good news for middle class families. a permanent fix to protect them from paying the alternative min minimum tax. for many watching this unfold,...
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Dec 31, 2012
12/12
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CNNW
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the tax policy center, it's called the tax calculator. it allows you to plug in all sorts of information about yourself and family, to find out how your taxes would change based on all sorts of factors. now, it is just an estimate. it can't predict the future. but there are some really good ways to find out how the fiscal cliff would hit you at home. what we've done, we've taken a couple generic examples. let's start off with this one right here. this is a married couple with one child in college. if this couple has an income around $39,000 tax bill goes up $2,700. look at that right there. that's a big chunk of money out of that income. if they're making about $84,000. they'll be paying another $3,000 in taxes. and if this couple has high income, more than $137,000 they're looking at another $8,000 in taxes. that's just one set of generic examples there. there are all sorts of things along the way you can look at. depends what the deducks would be. let's take a look at this one here. if you're looking at a single person with no children,
the tax policy center, it's called the tax calculator. it allows you to plug in all sorts of information about yourself and family, to find out how your taxes would change based on all sorts of factors. now, it is just an estimate. it can't predict the future. but there are some really good ways to find out how the fiscal cliff would hit you at home. what we've done, we've taken a couple generic examples. let's start off with this one right here. this is a married couple with one child in...
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Dec 26, 2012
12/12
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MSNBCW
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we don't tax multinationals like anybody else. >> is that affecting our competitiveness? >> which countries around the world are you most worried about in your research as the real competitors? >> it's funny. we actually looked at where american companies were considering putting businesses and which companies -- countries we were competing with. you'd be surprised. we're competing with the whole world. there's lots of countries growing up. it's not just china, india, brazil. it's all of the above. back in the days when we were threatened by japan, it was just japan. now we've got a whole bunch of countries, including mexico, that are making radical improvements in their infrastructure, in their business environment, in their skill levels. they're working to drive down their regulatory costs. they're trying to make business simple. and in the meantime, we're just kind of loading costs encumbrances on our private sector. we've got to start addressing these fundamentals, or the living standards of the average american are going to continue to be under severe pressure for th
we don't tax multinationals like anybody else. >> is that affecting our competitiveness? >> which countries around the world are you most worried about in your research as the real competitors? >> it's funny. we actually looked at where american companies were considering putting businesses and which companies -- countries we were competing with. you'd be surprised. we're competing with the whole world. there's lots of countries growing up. it's not just china, india, brazil....
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Dec 31, 2012
12/12
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KRON
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if nothing is done by midnight monday, mandatory tax hikes and spending cuts will kick in, impacting every american. senate majority leader harry reid says while negotiations are on-going, the senate will not vote on any plan this evening. elizabeth corridan is monitoring the situation from washington, d-c. >> reporter: >> as >> as we gather with so much, we need to guide our lawmakers with your wisdom. this evening. >> reporter: the senate will reconvene monday morning, at which point there will be just over 12-hours until the u.s. goes over the fiscal cliff. the senate convened its rare sunday session with a prayer for progress. the house returned from its holiday hours until the u-s economy goes over what's being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set hikes. "we're apart on some pretty big issues." " >> i'm willing to get this done, but i need a dance partner." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >> "regardless of part
if nothing is done by midnight monday, mandatory tax hikes and spending cuts will kick in, impacting every american. senate majority leader harry reid says while negotiations are on-going, the senate will not vote on any plan this evening. elizabeth corridan is monitoring the situation from washington, d-c. >> reporter: >> as >> as we gather with so much, we need to guide our lawmakers with your wisdom. this evening. >> reporter: the senate will reconvene monday morning,...
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Jan 1, 2013
01/13
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WMAR
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. >> the deal will increase estate tax and bring back clinton era tax cuts. fromhouse holds earning 250 thousand dollars a year reportedly to those making 4 hundred and 50 thousand dollars. frustratedrepublicans say while the deal will probably pass, it's not ideal. >> i personally don't like it because i think we're kicking the can down the road and not addressing the real crisis in the country which was not the fiscal cliff, it's a debts crisis. >> the spending cuts that were a sticking point are now postponed for two months at least. >> much more to come on this. stay with abc2 news for late breaking details out of washington. when we're not on the air you can get updates on abc2news.com. you can also find a guide on what the deal could mean for your wallet. if youhaven't checked your tax standing with the homestead tax credit, you better do it, today is the last day. you can turn in your tax application on wednesday in person at the state tax office in baltimore city. new tonight, we have pictures of two teams -- teens arrested charged with beating anothe
. >> the deal will increase estate tax and bring back clinton era tax cuts. fromhouse holds earning 250 thousand dollars a year reportedly to those making 4 hundred and 50 thousand dollars. frustratedrepublicans say while the deal will probably pass, it's not ideal. >> i personally don't like it because i think we're kicking the can down the road and not addressing the real crisis in the country which was not the fiscal cliff, it's a debts crisis. >> the spending cuts that...
WHUT (Howard University Television)
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Dec 31, 2012
12/12
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WHUT
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, and when the income tax hikes should cut income at what income level. it really remains intractable on both sides. what will happen is the negotiations will continue in the new year after some of these measures have been imposed, but the market reaction to the failure of politicians to agree i think will force them to sharpen their negotiating pencils and actually come to some sort of agreement. it will not fully offset the fiscal cliff, but will mean the drag from the government sector on the economy into thousand 13 will not be -- in 2013 will not be as recessionary threatening. >> is down so dramatic, falling off the fiscal cliff. is it as bad as that? what it is in a four-year since. 3% to 4% of gdp will be pulled out of the economy a reduction in government spending, increased taxes. the u.s. economy has been struggling to grow about 2% or higher over the past or since the recession. you should take 2.5% and you get - 1, and that is recession. the issue is, there does need to be fiscal retraction in the west wing of the state and federal government
, and when the income tax hikes should cut income at what income level. it really remains intractable on both sides. what will happen is the negotiations will continue in the new year after some of these measures have been imposed, but the market reaction to the failure of politicians to agree i think will force them to sharpen their negotiating pencils and actually come to some sort of agreement. it will not fully offset the fiscal cliff, but will mean the drag from the government sector on...
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Jan 1, 2013
01/13
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CNNW
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and compromise on the estate tax. a republican win on the estate tax. is that food enough for you to accept, even though you don't want to raise taxes? >> although, two points, the estate tax is better than going back to a million dollar exclusi exclusion, 55%, tax rate or anything above that there shouldn't be any tacks on death. it shouldn't be a taxable event. regarding theation on people making above $400,000. go back to 1993, the clinton era tax rates which the democrats want. $250,000 then taxed at 39 mt 6% is the equivalent of $398,000 tow with according to a labor statistic bureau and regular inflation. it's not that great of a deal i don't think as it goes and it's taxing and still taxing small business men and women, and i don't like that at all. >> representative gingrich, ali velshi, happy new year to you, sir. i want to talk to something that played out yesterday. you were a tough primary in the past and that was when you first signed the norquist pledge. am i right? >> that's right. absolutely. >> and grover norquist seems to have approved
and compromise on the estate tax. a republican win on the estate tax. is that food enough for you to accept, even though you don't want to raise taxes? >> although, two points, the estate tax is better than going back to a million dollar exclusi exclusion, 55%, tax rate or anything above that there shouldn't be any tacks on death. it shouldn't be a taxable event. regarding theation on people making above $400,000. go back to 1993, the clinton era tax rates which the democrats want....
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Dec 31, 2012
12/12
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CNBC
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those are the basics on middle class taxes. on estate tax, from 35 to 40%. the question is going to be, can they solve the sequester problem and sell it to members in both parties? get it through senate on bipartisan vote? in effect force john boehner to put it on the floor in which parties tell me it would pass. >> that is then the critical issue, is it not? we heard earlier on with the deputy for dop in the house is a must. details are in private and no one was talking to them. would the deal get passed in the house? >> i think it could. we have been talking to republicans who say they think a deal from the senate will pass in the house but pass with democratic and republican votes. he think speaker boehner will put it on the floor and folks are telling me that but that said, you never know until you know and that's why they have the whip operations. they are counting nos very carefully to find out how many liberal democrats and republicans they can lose on either side to have coalition votes in the middle. that's the real trick. some have been optimistic
those are the basics on middle class taxes. on estate tax, from 35 to 40%. the question is going to be, can they solve the sequester problem and sell it to members in both parties? get it through senate on bipartisan vote? in effect force john boehner to put it on the floor in which parties tell me it would pass. >> that is then the critical issue, is it not? we heard earlier on with the deputy for dop in the house is a must. details are in private and no one was talking to them. would...
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Dec 28, 2012
12/12
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CSPAN2
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john boehner could not even pass a tax proposal that he suggesting that would keep the taxes the same for everybody except people making over a million dollars.llio nope, grover and the boys said s no. can't do that. so he voted -- didn't p even bring it up for a vote. so i am here, i'm happy to listen to anything the speaker and the republican leader have. they have the way of getting to the president. they don't need my help. but i'm happy to work with them any way that i can. but the way things have been but going, it's not a really goods cape hatch that we have --ve. escape hatch that we have.they they're out of town, they won't be back for two days, 48 hours. so that's where we are.
john boehner could not even pass a tax proposal that he suggesting that would keep the taxes the same for everybody except people making over a million dollars.llio nope, grover and the boys said s no. can't do that. so he voted -- didn't p even bring it up for a vote. so i am here, i'm happy to listen to anything the speaker and the republican leader have. they have the way of getting to the president. they don't need my help. but i'm happy to work with them any way that i can. but the way...
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Dec 24, 2012
12/12
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the middle class is not going to pay higher taxes. if we go into january, dagen, one of the things they will do is make whatever bill they pass retroactive to january 1st. i think there's way too much panic talk here. dagen: what went wrong with the plan b and house speaker boehner and if you have republicans who won't sign off on an increase above an income threshold of a million dollars, where do you think that that line falls for the whole of america? >> well, look, i think the deal that's going to emerge is probably some kind of income cut-off of about $500,000. and you're not -- you know, some republicans will vote for that. dagen: steve i apologize. let me interrupt you. i will come back to you. let's listen. wait till the sun shines. ♪ [clapping and cheering] dagen: annual christmas eve tradition at the new york stock exchange, a song written at the turn of the last century and they're still singing it downtown at the corner of wall and broad. steve, we both -- i don't know the lyrics and the world should be thankful for that
the middle class is not going to pay higher taxes. if we go into january, dagen, one of the things they will do is make whatever bill they pass retroactive to january 1st. i think there's way too much panic talk here. dagen: what went wrong with the plan b and house speaker boehner and if you have republicans who won't sign off on an increase above an income threshold of a million dollars, where do you think that that line falls for the whole of america? >> well, look, i think the deal...
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Dec 30, 2012
12/12
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they keep the bush tax cuts. you would think republicans would be seb berating. >> juan's drinking the kool-aid, man. >> i agree that the republicans are no better in this -- >> oh! let me take your comment about drinking the kool-aid. you sold them on the kool-aid. >> what flavor is it, juan? grape? cherry. >> andrea, i have to disagree with you. he has been handed a house that went republican because they said, no raising taxes. >> eric -- >> he knew what he was getting into. >> he lost seats. he didn't have the votes to try to get some sort of deal passed. >> john boehner brought the house republicans. >> guess what's going to happen? he is going to get a worse deal -- a worse deal after the new year. that's the political reality. i work in the house for years. i know what this guy's a very shrewd operator -- >> who? >> yeah -- >> i want to ask -- we had this lecture after the gabrielle giffords shooting and colorado, we have to be responsible with the way we talk about guns. but steny heuer decides to equate
they keep the bush tax cuts. you would think republicans would be seb berating. >> juan's drinking the kool-aid, man. >> i agree that the republicans are no better in this -- >> oh! let me take your comment about drinking the kool-aid. you sold them on the kool-aid. >> what flavor is it, juan? grape? cherry. >> andrea, i have to disagree with you. he has been handed a house that went republican because they said, no raising taxes. >> eric -- >> he knew...
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Jan 1, 2013
01/13
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the bush-era tax cuts have expired so everybody's tax rates have gone up but if a compromised bill is passed, retroactively they can pass it. >> this represents the least we could have done under these circumstances. >> it fails to address the mortal threat -- uncontrolled spending. >> reporter: there's one deadline they cannot ig know. >>> the new congress begins monday at 12 p.m. karen travers, abc news washington. >> we have more at abc2news.com. just head to our home page and look for the featured stories. >>> all right. a lack at maryland's most powerful radar. very little of that precipitation has made its way north. all of it well, well south. conditions are still dry. clouds are holding tough around the area. that storm is staying south and still pretty cloudy around here. again, we stayed nice and dry. upper 30s in reisterstown, hick core ri and man chester. 42 in pape pea. cloudy and dry, getting cold. colder still as we go into tomorrow and the middle part of the week. we've got those numbers straight ahead. >>> new tonight a teen killed in a car crash in aberdeen. the vict
the bush-era tax cuts have expired so everybody's tax rates have gone up but if a compromised bill is passed, retroactively they can pass it. >> this represents the least we could have done under these circumstances. >> it fails to address the mortal threat -- uncontrolled spending. >> reporter: there's one deadline they cannot ig know. >>> the new congress begins monday at 12 p.m. karen travers, abc news washington. >> we have more at abc2news.com. just head to...
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Dec 30, 2012
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peopleville to pay in because the alternative minimum tax won't be patched. taxes will go up. spending cuts over time will happen as well. the stock market, i think the stock market will be hit hard. but again, here i am saying, let's do this. i have the most to lose of anyone i know. it's the only way to fix the economy. it's the best thing for the economy. >> okay. take us through what each side is wanting. >> here's what the deal is. president obama wants tax cuts to expire for everyone except those making $250,000 a year. john boehner's plan "b" was anyone making under $1 million a year. neither seemed to work. it looked like president obottomma was coming back with the same deal, $250. they are miles apart. they are miles apart. >> there is a big divide. andrea, you were able to speak with a number of people on the hill. what reaction are you getting? >> well, the president has spread these stories and people in his administration that he is going to come to the table with a deal. we have been hearing that all week long. that did not happen. swan dive, we're going off the
peopleville to pay in because the alternative minimum tax won't be patched. taxes will go up. spending cuts over time will happen as well. the stock market, i think the stock market will be hit hard. but again, here i am saying, let's do this. i have the most to lose of anyone i know. it's the only way to fix the economy. it's the best thing for the economy. >> okay. take us through what each side is wanting. >> here's what the deal is. president obama wants tax cuts to expire for...
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Dec 29, 2012
12/12
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lou: let's start with the idea taxes that this president wants $1.6 trillion in new taxes. that is a heck of an initial bargaining position, isn't it.> >> the president talks about tax rates.te he wants tax rate increases and he converted into dollars.x rev the real question is can you raise tax revenues.se the only way that we will raise enough revenues to get us out of trouble is private sectorsetor growth. tas you will not have private sectoc growth if you're saraying thate you're going too raise their health care costs or energy costs or labor costs. going t people aroe going to invest. job you are going to find that job creation is unique. american businesses want aess io president to succeed. i didn't vote for him, but hisey success is tied to my success. t conversely, his success is tied to the success of american bs business. there ought to be some common ground here. i'm just not seeing it yet. youh lou: what do you think of the idea that it doesn't ceos from companies show that the white house to talk big with the big guys, but small business thatf creates most th
lou: let's start with the idea taxes that this president wants $1.6 trillion in new taxes. that is a heck of an initial bargaining position, isn't it.> >> the president talks about tax rates.te he wants tax rate increases and he converted into dollars.x rev the real question is can you raise tax revenues.se the only way that we will raise enough revenues to get us out of trouble is private sectorsetor growth. tas you will not have private sectoc growth if you're saraying thate you're...
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Jan 1, 2013
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technically everybody's taxes have already gone up. the tax cuts have expired. but if the bill can pass in the house in the next day or two, the tax cuts can be made retroactive. the bill, if it passes, would extend tax cuts for all workers earning under $400,000. it would prevent a big tax hike estates values at less than $5 million and it would extend unemployment benefits set to expire today for some 2 million people. even as they closed in on that deal yesterday, congressional republicans were not happy with what they heard from president obama who held a campaign-style event at the white house. >> i'm going to be president for the next four years, i think. >> reporter: effectively continuing the partisans' bickering we've long seen. >> time to stop the cheerleading and campaigning. >> i know the president enjoys heckling and having pep rallies to get congress to act instead of sitting down and negotiating. >> reporter: now the big new year's test, can it pass in the house? for "good morning america," jonathan karl, abc news, washington. >>> president obama
technically everybody's taxes have already gone up. the tax cuts have expired. but if the bill can pass in the house in the next day or two, the tax cuts can be made retroactive. the bill, if it passes, would extend tax cuts for all workers earning under $400,000. it would prevent a big tax hike estates values at less than $5 million and it would extend unemployment benefits set to expire today for some 2 million people. even as they closed in on that deal yesterday, congressional republicans...
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Dec 29, 2012
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peopleville to pay in because the alternative minimum tax won't be patched. taxes will go up. spending cuts over time will happen as well. the stock market, i think the stock market will be hit hard. but again, here i am saying, let's do this. i have the most to lose of anyone i know. it's the only way to fix the economy. it's the best thing for the economy. >> okay. take us through what each side is wanting. >> here's what the deal is. president obama wants tax cuts to expire for everyone except those making $250,000 a year. john boehner's plan "b" was anyone making under $1 million a year. neither seemed to work. it looked like president obottomma was coming back with the same deal, $250. they are miles apart. they are miles apart. >> there is a big divide. andrea, you were able to speak with a number of people on the hill. what reaction are you getting? >> well, the president has spread these stories and people in his administration that he is going to come to the table with a deal. we have been hearing that all week long. that did not happen. swan dive, we're going off the
peopleville to pay in because the alternative minimum tax won't be patched. taxes will go up. spending cuts over time will happen as well. the stock market, i think the stock market will be hit hard. but again, here i am saying, let's do this. i have the most to lose of anyone i know. it's the only way to fix the economy. it's the best thing for the economy. >> okay. take us through what each side is wanting. >> here's what the deal is. president obama wants tax cuts to expire for...
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Dec 31, 2012
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today's the deadline to file for the homestead tax credit which limits how much your tax increase each year. you can file the paperwork electronically. you can also download the application and mail it in but it must be postmarked by today. we also have a link to the application on our website, wbaltv.com. >> baltimore city detectives are handling new shootings over the weekend. on stanwyck avenue at 1:30 yesterday, they found an adult male with a gunshot wound to the back. in northwest baltimore, the search continues for the person who shot a man following an argument on cordelia ave. this happened not long after 12:30 sunday morning. despite the fact the victim was shot in the head, he is expected to survive. >> police are called once again to a glen burnie bar that has been this scene of several shootings in recent years in glen burnie. a man was shot on the side parking lot of dietrich's tavern. that same tavern was the scene of two other murders. police said they have a description of the suspects but have made no arrests. a baltimore county teenager is recovering at home after be
today's the deadline to file for the homestead tax credit which limits how much your tax increase each year. you can file the paperwork electronically. you can also download the application and mail it in but it must be postmarked by today. we also have a link to the application on our website, wbaltv.com. >> baltimore city detectives are handling new shootings over the weekend. on stanwyck avenue at 1:30 yesterday, they found an adult male with a gunshot wound to the back. in northwest...
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Jan 1, 2013
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application wednesday in person at the state tax aches office in baltimore. >>> -- tax aches office in baltimore. >> -- taxation office in baltimore. >> here's what's going on downtown. and pretty quiet. things i guess quiet relatively speaking. 35 degrees right now. no weather woes over the next 24 to 48 hours but it's going to get chilly across the area. and list -- annapolis at 24. we will deal with temperatures around 35 to 38 degree range and see it going into the low 40s today. clouds in place and clouds will be with us for most of the afternoon a sunshine and cloud mixture and the system we showed you will be well down to the south. that's good news. so 42 today goes to 37 by wednesday and look how cold it gets by thursday. that's an afternoon high of 34 but look at the overnight lows. teens and low 20s and that's going to continue into the weekend upper 30s to around 43 degrees making our way into next weekend. we will talk about the forecast coming up in a little bit. charles to you. >> all right mike thanks a lot. an argument over a parking spot lands a woman in hot water.
application wednesday in person at the state tax aches office in baltimore. >>> -- tax aches office in baltimore. >> -- taxation office in baltimore. >> here's what's going on downtown. and pretty quiet. things i guess quiet relatively speaking. 35 degrees right now. no weather woes over the next 24 to 48 hours but it's going to get chilly across the area. and list -- annapolis at 24. we will deal with temperatures around 35 to 38 degree range and see it going into the low...
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Dec 31, 2012
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if not, an average american family will start the new year with a $3,400 tax hike. here's hoping there's a reason to raise your glass in a post tonight and a sigh of relief. john gonzalez, abc 7 news. >> you can get the latest on efforts to reach a fiscal cliff steel throughout the day. wjla.com. we will have full coverage at 5:00. happening right now, developing news out of new york. secretary of state hillary clinton is in the hospital this afternoon. she is big news for blood clots. t-fal in her home earlier this month and suffered a concussion. during a follow-up exam, doctors discovered the blood clot. if she was committed to new york presbyterian hospital testicles. doctors are treating her with a blood thinner. the treatment suggests that mrs. clinton will be ok. >> if you have a bleeding in your head, you would not put someone on anti-coagulant for treatment. they said they expect her to be in the hospital 48 hours. >> this is the second time mrs. clinton has suffered a blood clot. in 198898 she was hospitalized for blood clots behind her knee. the philadelp
if not, an average american family will start the new year with a $3,400 tax hike. here's hoping there's a reason to raise your glass in a post tonight and a sigh of relief. john gonzalez, abc 7 news. >> you can get the latest on efforts to reach a fiscal cliff steel throughout the day. wjla.com. we will have full coverage at 5:00. happening right now, developing news out of new york. secretary of state hillary clinton is in the hospital this afternoon. she is big news for blood clots....
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Jan 1, 2013
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expected to take up a senate measure approved just hours after midnight and it's halting an enormous tax hike for all but the wealthiest of americans from taking effect. nbc's steve handelsman has all the latest details from capitol hill where it's been a very long night. good morning and happy new year to you, steve. >> reporter: bill, thanks. up here on capitol hill, members of both political parties who badly want these middle class taxes rolled back fast, quote, what the senate did this morning makes it easier for house republicans to follow suit. it was a rare bipartisan senate vote. 89-8. two hours after america went off the fiscal cliff. >> happy new year. >> reporter: vice president biden came to the capitol to sell the fix. he worked out with gop leader mitch mcconnell who spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew that if we did nothing they would be going up on everyone. >> reporter: the senate voted to reverse are today's tax hikes on 98% of americans. but to keep the higher rate, on families making over $450,000. presi
expected to take up a senate measure approved just hours after midnight and it's halting an enormous tax hike for all but the wealthiest of americans from taking effect. nbc's steve handelsman has all the latest details from capitol hill where it's been a very long night. good morning and happy new year to you, steve. >> reporter: bill, thanks. up here on capitol hill, members of both political parties who badly want these middle class taxes rolled back fast, quote, what the senate did...
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Dec 24, 2012
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i think they should be taxing guns the way they tax cigarettes. ashley: interesting. do you think the fact that we are edging to that edge of the cliff, do you think that is already priced into the market? >> i do not think that it is. i think everybody assumes that a deal will come down. the speaker was saying they will not pull the trigger on a deal until everyone's taxes go up. i think a lot of people would concur with that. that is the general feeling. ashley: what about the trade on crude, elliott, it is in a pretty narrow range right now? >> sitting right in the same narrow range for a month at least. hovering around $90, a little lower. there really is nothing going on here today. ashley: what pushes oil or crude higher or lower? >> well, there are multiple factors. technically, there is always supply and demand. i think the dollar is really what pushes this market around the most. the dollar goes up, we tend to go down and vice versa. it will sit and sit and sit and a story it will give to run in a different direction. ashley: what are you asking from santa in
i think they should be taxing guns the way they tax cigarettes. ashley: interesting. do you think the fact that we are edging to that edge of the cliff, do you think that is already priced into the market? >> i do not think that it is. i think everybody assumes that a deal will come down. the speaker was saying they will not pull the trigger on a deal until everyone's taxes go up. i think a lot of people would concur with that. that is the general feeling. ashley: what about the trade on...
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guts to collect taxes from those rogue companies just an aviation alone. there are dozens and dozens of companies who are bringing passengers and cargo to this country and who are bringing other goods and they have never paid any taxes they've never paid even landing fees in some cases they haven't paid or flight fees this is just aviation and you can imagine other fields of commerce in and fuel and transportation and logistics and security in other arenas in all arenas there are hundreds of millions of dollars every year there are scaping and this government also sometimes gives them some reprieve by reducing their taxes and exchange for bribes and dreads had doctors and nurses are once again on the streets calling for plans to privatized hospitals to be scrapped they're striking for a fifth week and it will work was also angry of a possible layoffs with many still on shore contracts we really need next year spain's the government says the cuts on needed to maintain health service through session countries regions an estimated one hundred forty five billi
guts to collect taxes from those rogue companies just an aviation alone. there are dozens and dozens of companies who are bringing passengers and cargo to this country and who are bringing other goods and they have never paid any taxes they've never paid even landing fees in some cases they haven't paid or flight fees this is just aviation and you can imagine other fields of commerce in and fuel and transportation and logistics and security in other arenas in all arenas there are hundreds of...
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Dec 27, 2012
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this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. residents of the webster new york neighborhood set ablaze christmas eve have been allowed to return back to their homes. they say exconflict william spangler set the fire as a trap to lure firefighters
this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left as far as businesses also deal with their own tax hikes. >>...
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Dec 31, 2012
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a payroll tax, 2% payroll tax that's been in effect for two years, and no deal that's looking to extend that, so that is one thing people will see taken out of their paychecks starting in the new year. >> jennifer davis, thanks for , the update.the we appreciate it. >>> let's bring in mark.ma let me ask you, at this point,th are there any winners and losern because we still have no deal? >> yeah, i don't think there are any winners. senator mansion of west virginia said it best, quoted in the wall street journal n when he said there's something terribly wrong when the problem with the u.s. economy is the u.s. congress. and i think that's it. people are pretty fed up, and all they're trying to do really is sort of damage control, andct not make themselves look worst than they look. >> lot of, just observers hereob in all of this, is this going to be the new normal, unproductive do nothing congress?co >> i think because of the political complexion of things, and extremism is sort of appreciated, and that congress people view just staying in office rather than doingdo something for the bet
a payroll tax, 2% payroll tax that's been in effect for two years, and no deal that's looking to extend that, so that is one thing people will see taken out of their paychecks starting in the new year. >> jennifer davis, thanks for , the update.the we appreciate it. >>> let's bring in mark.ma let me ask you, at this point,th are there any winners and losern because we still have no deal? >> yeah, i don't think there are any winners. senator mansion of west virginia said it...
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Dec 28, 2012
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david: taxes on dividends could be rising. chairman of southern company who owns a bunch of utility companies, why that could spell trouble for more than just investors. >> liz joins us telling us which big companies will be first to take a costly fall if we, in fact, do go off that cliff. ♪ [ indiinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indiinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain b b. ♪ all onhinkorswim from td ameritrade. ♪ hi hi ♪(whistling tune) ♪("don't worry be happy") shy david: it was wild in the pits at the cme was closing in chicago. sandy smith is there. what's going on, sandy? >> this is the stuff you don't see in a trade desk in the office or at home. the trade action picked up in the final minutes here. the s&p500 index of 500 stocks we watch every day closed at the top of the hour, at 14 # 0 # 2, hung on to the 1400 level. the futures, the pit i'm in, contin
david: taxes on dividends could be rising. chairman of southern company who owns a bunch of utility companies, why that could spell trouble for more than just investors. >> liz joins us telling us which big companies will be first to take a costly fall if we, in fact, do go off that cliff. ♪ [ indiinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indiinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting,...
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Dec 30, 2012
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CSPAN
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the new york times is why the economy needs tax reform. tax reform done right. higher taxes raise progressively. caller: i cannot understand why it is the bureaucrats are able to control all the american citizens. i think there ought to be term limits. if they do not do their job why don't me through all of them out and appoint somebody? they are the ones that get the point slip. the epa is pushing along. they have this right here just a few miles from me. every bit of pork barrel spending there is, their pensions would be cut. they would have to have the statements to push down the american people consider having a set of rules for them. all this does is make it harder on the middle-class. i see this every day in the east door. the government is spending all the money. host: a lot of frustration. guest: it is not always fraud and abuse. we have a deficit of $1 trillion in a budget that is about $1 trillion. we are not going to balance the budget. a lot of what your suggestion are changes in the constitution. the elected representatives are largely doing what th
the new york times is why the economy needs tax reform. tax reform done right. higher taxes raise progressively. caller: i cannot understand why it is the bureaucrats are able to control all the american citizens. i think there ought to be term limits. if they do not do their job why don't me through all of them out and appoint somebody? they are the ones that get the point slip. the epa is pushing along. they have this right here just a few miles from me. every bit of pork barrel spending...
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from a tax increase. it would go back to clinton era rates for capital gains dividends under $450,000 per year would save the current rate. income amounts above that, we are talking about a 20% tax. taxes would increase there. the alternative minimum tax would be couch. it sounds tens of millions of middle-class americans, and this would be a permanent exemption for those people. as for the estate tax, it would go to 40%. there would be a one-year extension of long-term unemployment benefits. adam: what is the sticking point? it seems to me that the democrats felt they wanted, even a delay on the spending cuts. reporter: they did, and that's the problem. it is the delay on the spending cuts democrats wanted to delay the automatic spending cuts for the first few months. known as the sequester. $94 billion worth over the next year. republicans wanted to pay for that by spending cuts elsewhere. so that's something that they are still arguing out right now. republicans say that we have this. adam: will there
from a tax increase. it would go back to clinton era rates for capital gains dividends under $450,000 per year would save the current rate. income amounts above that, we are talking about a 20% tax. taxes would increase there. the alternative minimum tax would be couch. it sounds tens of millions of middle-class americans, and this would be a permanent exemption for those people. as for the estate tax, it would go to 40%. there would be a one-year extension of long-term unemployment benefits....
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and if you don't do that, the taxes are going to go. gerri: all right, we are going to take a break right now. but we will break into programming the minute that anybody goes to the senate if we hear from the vice president. rich edson is covering all this for us on capitol hill. the fox business team is in place here on sixth avenue. two hours left from the fiscal cliff. the revelers are ready to party, and we are here for you all night. back to the programming totion e that injunction against the contraceptive mandate? >> it is a surprisingri, pringlehey lt be >> a christian-based company, and they think that that is part of their credo, and 10mandment l commandments, the golden rule. the living hearing purchase pilt will kill babies. we are not going to do it. but the circuit court, the appeals court said we are going to hold up that ruling against it. in this particular case, the court says you are right that your religious exercise is something limited. you can still were shut and you say to that you are limited wit. rtgard to obam
and if you don't do that, the taxes are going to go. gerri: all right, we are going to take a break right now. but we will break into programming the minute that anybody goes to the senate if we hear from the vice president. rich edson is covering all this for us on capitol hill. the fox business team is in place here on sixth avenue. two hours left from the fiscal cliff. the revelers are ready to party, and we are here for you all night. back to the programming totion e that injunction against...
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Dec 28, 2012
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they say no higher rates on the rich, no tax hikes on anyone. based on an ideology that calls on government to be as small as possible. its roots are as old as american, but the main spokesman is this man, grover norquist, president of americans for tax reform. norquist's pledge signed by almost all republicans in congress forbids them from raising taxes ever under any circumstances. things come to a head in the summer of 2011. republicans demand the government reduce its deficit as a condition for raising the debt ceiling. without a deal, the u.s. would lose its ability to borrow money. they deploy tactics that nearly shut down the government and ultimately cost america its aaa credit rating for the first time in history. but in a last-minute compromise, both sides agree to a trillion dollars in spending cuts up front and another $1.2 trillion in cuts to be decided by a special super committee. but a poison pill was attached. if the super committee can't reach a deal, automatic across the board cuts known as the sequester would go into effect j
they say no higher rates on the rich, no tax hikes on anyone. based on an ideology that calls on government to be as small as possible. its roots are as old as american, but the main spokesman is this man, grover norquist, president of americans for tax reform. norquist's pledge signed by almost all republicans in congress forbids them from raising taxes ever under any circumstances. things come to a head in the summer of 2011. republicans demand the government reduce its deficit as a condition...
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the main dispute continues to be over raising taxes. >>> news time right now 5:47. starbucks will tackle the fiscal cliff one cup at a time. the ceo how old shut wants workers in the -- howard schultz wants workers in the d.c. area store to write come together on the coffee cups they serve today and tomorrow. he says it's the company's way of respectfully telling politicians they need to find common ground. >> if people would get in the room and lee their ego behind and not be so skewed towards the party but be so sensitive to the lens of the american people, we will have an agreement. >> now this is just a suggestion from the ceo of starbucks. and employees won't be forced to write anything but a customer's name on the cup. >>> news around the nation this morning, hawaii's governor announced lieutenant governor will fill the u.s. senate seat vacated by the death of daniel inouye. he has said he'll be in d.c. today sworn today in. he says he will seek election for a full term in 2014 but a special election will be held to fill that spot until 2016. inouye was the se
the main dispute continues to be over raising taxes. >>> news time right now 5:47. starbucks will tackle the fiscal cliff one cup at a time. the ceo how old shut wants workers in the -- howard schultz wants workers in the d.c. area store to write come together on the coffee cups they serve today and tomorrow. he says it's the company's way of respectfully telling politicians they need to find common ground. >> if people would get in the room and lee their ego behind and not be so...
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estate tax. 10 years ago we passed a bill that phase the out the estate tax. this bill basically brings it back with 40% tax rate but for those out there who have, you know, seniors and their family the exemption now level would be $5 million at the time of death. rick: the amt, alternative minimum tax, that really never been right because it affects more and more americans each and every year. >> right. rick: not americans who were intended to be targeted when this thing was put in place years ago but there is a permanent patch now to fix that. that has to be good news for a lot of folks? >> that is very good news. this is a tax if we hadn't fixed this, rick, we would have been talking about 26, 27 -- 27 million americans paying the alternative minimum tax. we have this debate every 15 years. rick: every year. >> we have to extend the alternative tax to make sure not to hit middle class families. we have permanent fix, indexes for inflation adjustments. i view that as very good news for the midd
estate tax. 10 years ago we passed a bill that phase the out the estate tax. this bill basically brings it back with 40% tax rate but for those out there who have, you know, seniors and their family the exemption now level would be $5 million at the time of death. rick: the amt, alternative minimum tax, that really never been right because it affects more and more americans each and every year. >> right. rick: not americans who were intended to be targeted when this thing was put in place...
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and by reducing their taxes. now as two thousand and twelve draws to a close we continue to look at all the events that shaped it today our news teams recall the launch of julian assange just program a broadcast exclusively here on r.t. the wiki leaks founder gave voice to a prominent figures typically shunned by the mainstream media while he was still under house arrest in london. it was right on the new year's eve when i went to london to see june to discuss the news so. i'm julie in the sun. it's true she wakes we've exposed the world secret destocking us from the very beginning when it became the only high profile show stayed strong with a lot of its as a boss or so we created this web page with big video player and video feeds containing trailers teasers sneak peeks most shows tend to have a spike and then go down to both mars itself online and you with your keeps climbing it and quite a lot of study about it i think will be viewed in historical terms that this was quite an important piece of the julian assa
and by reducing their taxes. now as two thousand and twelve draws to a close we continue to look at all the events that shaped it today our news teams recall the launch of julian assange just program a broadcast exclusively here on r.t. the wiki leaks founder gave voice to a prominent figures typically shunned by the mainstream media while he was still under house arrest in london. it was right on the new year's eve when i went to london to see june to discuss the news so. i'm julie in the sun....